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Despite a horrific summer drought, Kentucky farmers were able to make up for their losses with record prices that brought receipts to an all-time high of $5.3 billion this year.

The record is estimated by University of Kentucky economists, the Courier Journal reports. Corn prices rose 22 percent, that raised the grain crop to the same level as poultry for the state's top agricultural sector.

Farm receipts rose eight percent to beat 2011 numbers, according to the report.

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